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FTC: EA's Take-Two Buyout Bid "In Compliance"

In what would be one of the biggest moves in the industry's history, Electronic Arts continues its purchase pursuit of Take-Two Interactive and its multi-million dollar Grand Theft Auto franchise, and they took another step today. According to GameSpot, thanks to a filing this morning with the Securities and Exchange Commission, EA has revealed that they are "in substantial compliance" with the FTC's previous information requests. The FTC wanted to make sure that this potential buyout didn't violate US antitrust laws; remember that EA's only major rival in the sports realm - 2K Sports - would be absorbed by EA if this happens. The largest game publisher in the world already holds exclusive licensing rights from the NFL, NCAA and FIFA, and erasing 2K Sports means there's nothing left to stand in EA's way.

But the FTC sees no problem and is satisfied with the information they've acquired from EA, which means EA's $2 billion bid for Take-Two stays put, and will continue to stick beyond the July 18 deadline. They say no more action will be taken until August 21, and as of now, the $25.74/share offer would indeed make the shareholders money, as Take-Two shares are currently trading at $24.26. However, Take-Two has continued to reject EA's advances, and with GTAIV rocking the sales numbers, they may believe they're simply better off on their own. Then again, the lure of huge money could be too much in late August...

NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO

If EA doesn't stop all your base are oursing I'm going to find everyone who works for EA and chop their middle fingers off.

IDGAF anymore... EA is gay, Take-2 is much better in quality than EA is... End of story. I just wish I can go up to the president of EA and just stick him in the face, stick him hard enough for him to fly out the window of his office... ugly ass bastard.

I actually thought that the FTC would kick EA in the ass for completely wiping out all competition in the football field.I perfer Visual Concept's models then Tiburon "stretched out midgets" models.VC models always looked more human.With no competition to make a great football exp. they now can let "The children of the suits" make the next Madden,meaning that if you have a parent,friend or just a great ass kisser with no professional background in game design,programming or coding these ppl will be learning through trial and error on the next Madden game(It's cheap labor, a virtual sweatshop if you will).Though Madden 2005 I think it was had the most ugliest cheerleaders I've ever seen period! I see it coming back ugh!